As a landlord, the lower the taxable profit from your property rental business, the less tax you will pay. As allowable expenses are deducted from rental income to arrive at the profit figure, it is important that you do not overlook any expenses which you have incurred and which can be deducted when working out
Landlords – Don’t overlook these common deductible expenses Read More »
If you’re a small business owner, you can smoothly perform the activities of your business. But, when it comes to preparing for your taxes, it’s an exhausting task, even for a small business. This stress multiplies when your business starts earning more. The issues of back taxes, tax debt, and audit disturb you to a
How You Can Find The Right Tax Accountants To Help You With Taxes? Read More »
We’re literally the knight in the shining armor you’re looking for to solve your accounting problems. Now let’s talk about some accounting problems you might come across. One of the most common problems most people face these days is taxes. Now everyone pays taxes. What most people are really confused about is the
Top 3 Ways to Solve your Problems at Accounting Firm Read More »
As the 2020/21 tax year draws to a close, many employees will have spent much if not all of the last year working from home. While the tax system enables employers to pay employees a tax-free allowance of £6 per week (£26 per month) to cover the additional household costs of working from home, employees
Claim expenses for additional costs of working from home Read More »
What’s your go-to plan to bring in business these days? Since COVID has hit businesses really hard, what’s your go-to plan to attract new prospects in the UK? Things are going more digital, and hence you might be looking for better options to sell your business like hotcakes. So what are some go-to options to
Accounting Firms to bring in Big Business in the UK Read More »
The 2020/21 tax year starts on 6 April 2021. From that date, new thresholds apply for National Insurance purposes. Employees and Employers Employees pay primary Class 1 National Insurance contributions on their earnings, while secondary Class 1 contributions are payable by their employees. Employees come within the ambit of Class 1 National Insurance contributions
National Insurance contributions for 2021/22 Read More »
You’re running to submit your VAT returns but haven’t come across one VAT return solution provider. Why is that? Let’s discuss some reasons before getting into the details of finding the right VAT return solutions for your business. Here are some ways why you’re late to compare accountants and finding the right solution: 1-
Compare Accountants to find the Ideal VAT Return Solutions Read More »
A letter from the Secretary of State for Business, Energy and Industrial Strategy to all businesses registered in England about free COVID-19 tests for staff who cannot work from home has been published. This urges employers with 50 or more employees to utilise the free lateral flow testing kits to test their staff. The test
Letter to businesses on workplace testing – more than 50 employees Read More »
Business interruption insurance provides cover for losses as a result of events that close or severely disrupt the business. Policies may cover a loss of profits that arise as a result of the ‘interruption’. They may also meet fixed costs that the business has to continue to meet despite being closed. Many businesses who had
Business interruption insurance – Are payouts taxable? Read More »
Unlike a gain on the sale of the main residence, which qualifies for private residence relief (as long as the associated conditions are met), any gain that arises on the sale of a second home or an investment property (such as a buy-to-let property) will be liable to capital gains tax. Since 6 April 2020,
Sale of a second home or investment property – Reporting the gain and paying the tax Read More »
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